Important events for the crypto market on June 28 from the economic calendar

Important events for the crypto market on June 28 from the economic calendar.

The key event of the day and week will occur in the USA - in the afternoon we will receive data on price indices of personal consumption expenditures in the USA.

These indices are important for assessing the results of the US Federal Reserve's fight against consumer inflation. And they are one of the key metrics for assessing the success of this fight. We are expecting increased volatility in the crypto market in the near future. Plus, these data will affect forecasts for interest rate dynamics until the end of 2024.

Full schedule for the day:

- 09:00 Kyiv time and Moscow time / 11:00 Astana time - UK economic data pool: Business investment and GDP for the first quarter of 2024. Important for assessing recession risks + due to the role of the pound sterling in the calculation of the US Dollar Index DXY.

❗️ - 15:30 Kyiv time and Moscow time / 17:30 Astana time - Basic price index of personal consumption expenditures and Price index of personal consumption expenditures in the USA. Expenses of individuals in the USA.

- 17:00 Kyiv time and Moscow time / 19:00 Astana time - Expected inflation from the University of Michigan, Index of consumer inflation expectations in the US for 5 years ahead from the University of Michigan, Consumer Expectations Index from the University of Michigan, Consumer Sentiment Index from the University of Michigan. The value of data is not to say that it is great. But in recent months, they have already been used as a reason for tangible movements in the crypto market.

- 18:00 Kyiv time and Moscow time / 20:00 Astana time - US Federal Reserve report on monetary policy.

- 19:00 Kyiv time and Moscow time / 21:00 Astana time - Speech by US Federal Reserve member Bowman (permanent chairman, closer to the “hawks”).